Classified Ventures (NYSE:CARS) received a $34.00 price objective from investment analysts at DA Davidson in a research report issued to clients and investors on Tuesday. The brokerage currently has a “buy” rating on the stock. DA Davidson’s price objective indicates a potential upside of 20.10% from the stock’s current price.

CARS has been the subject of a number of other reports. B. Riley reaffirmed a “buy” rating and set a $36.00 price target (up from $32.00) on shares of Classified Ventures in a report on Friday, January 5th. Barrington Research reaffirmed a “buy” rating on shares of Classified Ventures in a report on Thursday, March 8th. ValuEngine raised shares of Classified Ventures from a “buy” rating to a “strong-buy” rating in a report on Friday, April 6th. Zacks Investment Research lowered shares of Classified Ventures from a “buy” rating to a “hold” rating in a report on Friday, February 16th. Finally, Benchmark initiated coverage on shares of Classified Ventures in a report on Thursday, March 22nd. They set a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Classified Ventures has a consensus rating of “Buy” and a consensus target price of $34.70.

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CARS opened at $28.31 on Tuesday. The firm has a market cap of $2,003.37 and a P/E ratio of 12.42. Classified Ventures has a twelve month low of $19.90 and a twelve month high of $32.28. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.33.

Classified Ventures (NYSE:CARS) last released its quarterly earnings results on Tuesday, March 6th. The company reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.16. The business had revenue of $156.57 million during the quarter, compared to analyst estimates of $156.30 million. Classified Ventures had a net margin of 35.84% and a return on equity of 8.16%. Classified Ventures’s revenue was down 3.2% on a year-over-year basis. equities analysts forecast that Classified Ventures will post 3.25 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of CARS. Catalus Capital Management LLC bought a new position in Classified Ventures during the 4th quarter valued at $192,402,000. Investec Asset Management LTD boosted its stake in Classified Ventures by 300.6% during the 4th quarter. Investec Asset Management LTD now owns 3,431,613 shares of the company’s stock valued at $98,968,000 after acquiring an additional 2,575,002 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Classified Ventures by 32.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,367,562 shares of the company’s stock valued at $63,001,000 after acquiring an additional 574,912 shares during the last quarter. Jackson Square Partners LLC boosted its stake in Classified Ventures by 28.6% during the 4th quarter. Jackson Square Partners LLC now owns 2,575,534 shares of the company’s stock valued at $74,278,000 after acquiring an additional 572,099 shares during the last quarter. Finally, Fairpointe Capital LLC boosted its stake in Classified Ventures by 16.7% during the 4th quarter. Fairpointe Capital LLC now owns 3,983,161 shares of the company’s stock valued at $114,875,000 after acquiring an additional 569,711 shares during the last quarter.

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About Classified Ventures

Cars.com Inc, through its subsidiaries, operates as a digital automotive marketplace that connects local car dealers to consumers in the United States. The company offers a suite of digital solutions that creates connections between individuals researching cars or looking to purchase a car with car dealerships and automotive original equipment manufacturers.

Analyst Recommendations for Classified Ventures (NYSE:CARS)

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